Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) (“Copper Fox” or the “Company”), through its wholly owned subsidiary Desert Fox Van Dyke Co., is pleased to report analytical results from the previously reported historical diamond drill core sampling program to further define the limits of the total soluble copper (TSCu) mineralization in certain drillholes on its 100% owned Van Dyke in-situ copper recovery (ISCR) project located in the Globe-Miami Mining District, Gila County, Arizona.
Analytical results from eleven drillholes have been received, eight of which returned intervals exceeding the TSCu cutoff (0.025%) used in the mineral resource estimate (MRE) update completed in 2020. Analytical highlights include:
Highlights
- DDH OXY-42, intersected a 100.59 meter (m) core interval (336.19 to 436.78m) that averaged 0.250% total copper (TCu) and 0.163% TSCu
- DDH OXY-42 included a 22.86m core interval (337.72 to 360.58m) that averaged 0.481% TCu and 0.409% TSCu
- These analytical results have better defined the boundary between the Transitional and Sulphide mineral domains in the Van Dyke deposit
Elmer B. Stewart, President and CEO of Copper Fox, stated, “The sampling program has better defined the total soluble copper envelope in certain portions of the Van Dyke copper deposit. With eight of the eleven drill holes yielding analytical results above the 0.025% TSCu cutoff used in the 2020 MRE, the combination of these results and the pending analytical results from an additional eighteen drillholes suggests the potential to increase the TSCu content of the Van Dyke deposit.”
Analytical Results
Analytical results for eight historical diamond drillholes from the Van Dyke project are reported in this news release. Analytical results from an additional 18 drillholes are pending. The analytical results of economic interest are acid soluble copper (ASCu) and cyanide soluble copper (CNCu). The TSCu (acid + cyanide soluble copper) cutoff grade used in the 2020 MRE was 0.025%. Analytical results received and locations of the sampled drill holes discussed in this news release are shown in Table-1 and Figure-1.
The weighted average grades for the mineralized intervals presented in Table-1 used a 0.025% TSCu cutoff and a maximum core interval of five (5) meters of material below cut-off and/or missing samples within the mineralized interval in line with the cutoff grade used in the 2020 MRE.
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